DOCSLIB.ORG

Evaluation of Microfinance Services and Potential to Finance Forest Land Restoration (FLR) Investments

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Evaluation of Microfinance Services and Potential to Finance Forest Land Restoration (FLR) Investments Evaluation of Microfinance Services and Potential to Finance Forest Land Restoration (FLR) Investments Final Report Prepared by Azimut Inclusive Finance SPRL November 2016 Azimut Inclusive Finance SPRL TVA : BE 0555.784.066 www.azimut-if.com – [email protected] Evaluation of Microfinance Services and Potential to Finance Forest Land Restoration (FLR) Investments Table of Content EXECUTIVE SUMMARY 3 1 CONTEXT 4 1.1 BACKGROUND 4 1.2 RATIONALE OF THE STUDY 4 1.3 SPECIFIC OBJECTIVES 4 2 FINANCIAL SECTOR AND REGULATORY ENVIRONMENT 5 2.1 BRIEF OVERVIEW OF THE FINANCIAL SECTOR IN RWANDA 5 2.1.1 FINANCIAL SERVICES PROVIDERS 5 2.2 THE MICROFINANCE SERVICE SECTOR 7 2.2.1 THE CONCEPT OF MICROFINANCE 7 2.2.2 THE MICROFINANCE SERVICE PROVIDERS 7 2.2.3 THE INFORMAL SECTOR 8 2.3 FINANCIAL INCLUSION 10 2.4 RELATED POLICIES AND LAWS 12 2.4.1 POLICY ENVIRONMENT 12 2.4.2 MICROFINANCE POLICY, LEGAL FRAMEWORK AND SUPERVISION 13 3 MICROFINANCE PRODUCTS AND SERVICES AND FLR EFFORTS 15 3.1 EXISTING PRODUCTS AND SERVICES 15 3.1.1 COMMERCIAL BANKS 15 3.1.2 MICROFINANCE INSTITUTIONS (MFIS) 19 3.2 ADAPTABILITY OF THE MICROFINANCE PRODUCT AND SERVICES TO SUPPORT FLR INITIATIVES (IN GATSIBO AND GICUMBI) 25 3.2.1 OPPORTUNITIES TO SUPPORT FLR INITIATIVES THROUGH MICROFINANCE INSTITUTIONS 25 3.2.2 CHALLENGES TO SUPPORT FLR INITIATIVES THROUGH MICROFINANCE INSTITUTIONS 28 3.2.2.1 Challenges related to the microfinance sector 28 3.2.2.2 Other challenges relating to the funding of FLR activities 29 4 RECOMMENDATIONS 30 FINANCIAL TERMS AND DEFINITIONS 35 ANNEXES 36 2 Evaluation of Microfinance Services and Potential to Finance Forest Land Restoration (FLR) Investments Executive Summary Rwanda has made international challenges, notably in terms of credit commitments via the Bonn Challenge to management policies, product restore 2 million hectares of degraded development, weak staff capacities and land. In this context, IUCN is working hand low customer literacy levels, to name a in hand with Rwanda Natural Resources few. MFIs show great potential in terms of Authority (RNRA) on a project to promote outreach but serious challenges in terms of the restoration of mosaic landscapes and product design and adequate enhance carbon stocks in Rwanda. methodologies to mitigate credit risk. This ambition not only requires all sectors Such barriers could easily be overcome by of society to support the national selecting providers that show serious restoration efforts but also a myriad of potential and strategic commitment and by financing solutions. Of all possible providing them with technical assistance financing mechanisms, this report looks at and support. The report highlights several the potential role that Microfinance initiatives that pave the way and provides institutions and their (inter)national recommendations on the process to financial supporters could play to channel develop tailored products. funding to smallholder farmers to invest in FLR initiatives. Smallholder farmers, on their end, are aware of the importance and benefits of Rwanda defines agroforestry and investing in FLR initiatives but lack the improving woodlots’ productivity as access to tailored products with reasonable central pillars of its FLR initiative. Given the terms and conditions, have little to no short-term nature of Microfinance, the knowledge on sustainable agriculture report focuses on the potential of having practices and reported to have limited Microfinance Institutions (MFIs) fund access to a variety of quality seeds. agroforestry. Despite the challenges of funding FLR The Rwandan microfinance industry is initiatives, the report highlights there are strongly supported by the government several opportunities that can be seized: which highly values its contribution to build MFIs are open to innovate but lack an inclusive financial sector. Financial resources and capacity, notably in the agro- inclusion in Rwanda is indeed the second sector; Experts have proven the gains of highest in Africa. sustainable agriculture practices, and; Smallholder farmers are already organized The sector comprises just under 500 in (in)formal groups and there are formal institutions, offering good outreach across channels that could be used to provide the territory, and is supported by a strong training and awareness raising. regulatory framework. Most MFIs do currently fund agriculture activities yet few While the development of an agroforestry have invested in the development of policy would certainly contribute a long suitable methodologies and tailored way, it should not refrain MFIs in their products to fund FLR initiatives. efforts to innovate and refine their product Performance varies greatly from one MFI offer. to another yet many face common 3 Evaluation of Microfinance Services and Potential to Finance Forest Land Restoration (FLR) Investments 1 Context 1.1 Background IUCN in partnership with Rwanda Natural Resources Authority (RNRA) is implementing a project on “Piloting Multiple Benefit Investment Packages through forest/landscape restoration and REDD+ in Rwanda for Scaling up in Africa” in the two pilot districts of Gatsibo and Gicumbi. The project aims to promote the restoration of mosaic landscapes and enhance carbon stocks in Rwanda as well as deepen commitments to FLR across Eastern Africa. The project further aims to stimulate increased public and private investment in Forest Landscape Restoration (FLR) at community, district, national and regional levels by creating opportunities to enhance access to finance for farmers. This study gathers detailed information on microfinance services, products, risks, barriers, and recommend interventions to unlock the financing opportunities for individuals and groups at the community and district levels. 1.2 Rationale of the Study The purpose of the study is to evaluate how microfinance services recognize the national restoration agenda and can enable individual women and men farmers, groups/cooperatives and communities to invest in FLR in the pilot landscapes of Gatsibo and Gicumbi districts of Rwanda. The study includes a review of the microfinance sector with particular emphasis on a variety of community financing programs and brings to light the opportunities, prospects and challenges of financing forest landscape restoration projects, paying specific attention to gender differences in the microfinance sector. 1.3 Specific Objectives The specific objectives are as follows: 1. To gain a broad overview of the Microfinance service sector in Rwanda and the financial environment in general, related to the current level of understanding of, support to, and investment in forest landscape restoration activities, including differentiated information on the access, use, control and role in regard to gender and age group where appropriate and if information readily available; 2. To evaluate the existing microfinance products and services and their adaptability to support the restoration efforts of individual women and men, small holder farmers, community based groups and institutions at the whole community level. 3. To develop practicable recommendations on unlocking access to finance for individual women and men, groups, and communities in the Gatsibo and Gicumbi districts that aim to invest in FLR. 4 Evaluation of Microfinance Services and Potential to Finance Forest Land Restoration (FLR) Investments 2 Financial sector and Regulatory environment 2.1 Brief overview of the financial sector in Rwanda The Rwandan financial system comprises Banks, Non-Bank Financial Institutions (NBFIs - mainly insurance and pension funds) and Microfinance Institutions (MFIs), which are regulated and supervised by the National Bank of Rwanda (BNR). In the context of the study, we will exclusively focus on Banks and Microfinance Institutions. 2.1.1 Financial Services Providers Banks regulated by BNR are divided into 4 categories: 1. Commercial Banks 2. Development Banks 3. Cooperative Banks 4. Microfinance Banks As of today, the Rwandan banking industry includes eleven commercial banks and six specialized institutions (including four microfinance banks, one development bank, and one cooperative bank): 11 Commercial Banks ACCESS Bank Rwanda Ltd – formerly BANCOR, Bank of Kigali Ltd, Banque Populaire du Rwanda Ltd (BPR), BRD Commercial Bank Ltd, COGEBANQUE Ltd, Crane Bank Rwanda Ltd, Ecobank Rwanda Ltd – formerly BCDI, Equity Bank Rwanda Ltd, Guaranty Trust Bank Rwanda Ltd – formerly FINA Bank Rwanda (ex BACAR), I&M Bank Rwanda Ltd - formerly Commercial Bank of Rwanda (BCR), Kenya Commercial Bank Rwanda Ltd (KCBR); 1 Development Bank Development Bank of Rwanda (BRD) 1 Cooperative Bank: ZIGAMA CSS (initially created as a microfinance institution in 1997) 4 Microfinance Banks: AB Bank Rwanda Ltd, Bank of Africa Rwanda Limited (BOA Rwanda) formerly Agaseke Bank Ltd, Unguka Bank Ltd, Urwego Opportunity Bank (UOB) The National Bank of Rwanda is also mandated to regulate and supervise Microfinance Institutions (See 2.2 The Microfinance service sector). The national financial sector remains strongly dominated by Commercial Banks, which account for 66.9% of the total assets of the sector (BNR, June 2016). The banking market is highly concentrated: the three largest banks (Bank of Kigali, BPR and I&M Bank) account for almost 60% of assets, loans, and deposits.1 The sectors that benefit the most from banking loans are mortgage industries and trade & hotel activities, which represent respectively 33% and 31% of loans. The Agriculture sector accounts for merely 2% of loans in
Load more

Recommended publications
  • Full Year 2020 Results Presentation to Investors and Analysts
    FULL YEAR 2020 RESULTS PRESENTATION TO INVESTORS AND ANALYSTS Disclaimer The information presented herein is based on sources which Access Bank The information should not be interpreted as advice to customers on the Plc. (the “Bank”) regards dependable. This presentation may contain purchase or sale of specific financial instruments. Access Bank Plc. bears no forward looking statements. These statements concern or may affect future responsibility in any instance for loss which may result from reliance on the matters, such as the Bank’s economic results, business plans and information. strategies, and are based upon the current expectations of the directors. Access Bank Plc. holds copyright to the information, unless expressly They are subject to a number of risks and uncertainties that might cause indicated otherwise or this is self-evident from its nature. Written permission actual results and events to differ materially from the expectations from Access Bank Plc. is required to republish the information on Access expressed in or implied by such forward looking statements. Factors that Bank or to distribute or copy such information. This shall apply regardless of could cause or contribute to differences in current expectations include, but the purpose for which it is to be republished, copied or distributed. Access are not limited to, regulatory developments, competitive conditions, Bank Plc.'s customers may, however, retain the information for their private technological developments and general economic conditions. The Bank use. assumes no responsibility to update any of the forward looking statements contained in this presentation. Transactions with financial instruments by their very nature involve high risk.
    [Show full text]
  • Equipment Leasing in Africa Handbook of Regional Statistics 2017 Including an Overview of 10 Years of IFC Leasing Intervention in the Region
    AFRICA LEASING FACILITY II Equipment Leasing in Africa Handbook of Regional Statistics 2017 Including an overview of 10 years of IFC leasing intervention in the region © 2017 INTERNATIONAL FINANCE CORPORATION 2121 Pennsylvania Avenue, N.W., Washington, DC 20433 All rights reserved. First printing, March 2018. This document may not be reproduced in whole or in part without the written consent of the International Finance Corporation. This information, while based on sources that IFC considers to be reliable, is not guaranteed as to accuracy and does not purport to be complete. The conclusions and judgments contained in this handbook should not be attributed to, and do not necessarily represent the views of IFC, its partners, or the World Bank Group. IFC and the World Bank do not guarantee the accuracy of the data in this publication and accept no responsibility for any consequence of its use. Rights and Permissions Reference Section III. What is Leasing? and parts of Section IV. Value of Leasing in Emerging Economies are taken from IFC’s “Leasing in Development: Guidelines for Emerging Economies.” 2005, which draws upon: Halladay, Shawn D., and Sudhir P. Amembal. 1998. The Handbook of Equipment Leasing, Vol. I-II, P.R.E.P. Institute of America, Inc., New York, N.Y.: Available from Amembal, Deane & Associates. EQUIPMENT LEASING IN AFRICA: ACKNOWLEDGEMENT Acknowledgement This first edition of Equipment Leasing in Africa: A handbook of regional statistics, including an overview of 10 years of IFC leasing intervention in the region, is a collaborative efort between IFC’s Africa Leasing Facility team and the regional association of leasing practitioners, known as Africalease.
    [Show full text]
  • Determinants of Procurement Performance in Commercial Banks Within East Africa?
    DETERMINANTS OF PROCUREMENT PERFORMANCE IN COMMERCIAL BANKS WITHIN EAST AFRICA BY EVANS JUMA LUKETERO A RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF THE MASTER OF BUSINESS ADMINISTRATION, THE UNIVERSITY OF NAIROBI OCTOBER, 2016 DECLARATION This Research Project is my original work and has not been presented for a degree in any other University …………………………………….. ………………………… Signature Date EVANS JUMA LUKETERO Reg. No: D61/69206/2011 This Research Project has been submitted for examination with my approval as the University Supervisor MR. MICHAEL K. CHIRCHIR …………………………………….. ………………………… Signature Date ii DEDICATION I dedicate this research proposal to all the Banks in East Africa, to family especially my wife Rineldah Asiko, My daughter Adalia Juma and friends for their support and prayers during my studies. iii ACKNOWLEDGEMENT I would like to thank the Almighty Lord for the gifts of Grace and Perseverance accorded to me. I would also like to acknowledge all my course lecturers and colleagues for their sincere support. Most important, I sincerely wish to acknowledge the support from my supervisor without whom I could not have gone this far with my project work. I owe you my gratitude. iv ABSTRACT Procurement efficiency is the association that exists between planned and actual required resources needed to realize formulated goals and objectives as well as their related activities. The improvement of procurement performance would ensure that sourced firm materials are indeed procured during the right time at suitable cost. This would in turn enable improvements in organization procurement process leading to improvements on quality of offered products and services at minimum cost.
    [Show full text]
  • MTN Rwandacell Plc ANNUAL REPORT 2020
    MTN Rwandacell Plc ANNUAL REPORT 2020 1 MTN Rwandacell Plc ANNUAL REPORT 2020 2 MTN Rwandacell Plc ANNUAL REPORT 2020 TABLE OF CONTENTS Section 1: 2020 Overview 1.1 Chairperson's Statement 7 1.2 Chief Executive Officer's Statement 8 Section 2: Financial Highlights i) Summary Income Statement 11 ii) Summary Balance Sheet 11 iii) Summary Cashflow Statement 12 Section 3: Non-Finanical Highlights i) Customer Market Share 15 ii) Commercial Performance Indicators 15 Section 4: Strategy Update 19 Section 5: Corporate Social Investment - MTN Foundation 24 Section 6: Corporate Governance 6.1 Board of Directors 28 6.2 Board Committees 28 6.3 Director Fees and Allowances Paid in the year 2020 29 6.4 Current Board Director Profiles and Directorship Disclosure 31 6.5 Executive Management Organizational Structure 35 6.6 Employees 38 Y’ello3 MTN Rwandacell Plc ANNUAL REPORT 2020 Section 7: Audited Financial Statements for Year Ending 2020 7.1 Reports Directors’ Report 41 Statement of Directors’ Responsibilities 43 Report of the Independent Auditor 44 7.2 Financial Statements Statement of Comprehensive Income 48 Statement of Financial Position 49 Statement of Changes in Equity 50 Statement of Cash Flows 51 Notes 52 Section 8: Attachments 8.1 Profiles of New Directors 106 8.2 Annual General Meeting Notice 109 8.3 Proxy Forms 112 4 MTN Rwandacell Plc ANNUAL REPORT 2020 2020 Overview SECTION 1 of MTN Rwanda 5 MTN Rwandacell Plc ANNUAL REPORT 2020 Belief Statement Everbody deserves the benefits of a modern connected life Vision Leading digital solutions for Rwanda's progress 6 MTN Rwandacell Plc ANNUAL REPORT 2020 Chairperson’s statement It is my pleasurepleasure toto presentpresent toto youyou thethe firstfirst AnnualAnnual ReportReport of MTN Rwandacell PLC since it was listedlisted inin MayMay thisthis year.year.
    [Show full text]
  • Annual Report 2019 East African Development Bank
    Your partner in development ANNUAL REPORT 2019 EAST AFRICAN DEVELOPMENT BANK 2 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK ANNUAL REPORT 2019 3 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK CORPORATE PROFILE OF EADB Uganda (Headquarters) Plot 4 Nile Avenue EADB Building P. O. Box 7128 Kampala, Uganda Kenya Country office, Kenya 7th Floor, The Oval Office, Ring Road, Rwanda REGISTERED Parklands Westland Ground Floor, OFFICE AND P.O. Box 47685, Glory House Kacyiru PRINCIPAL PLACE Nairobi P.O. Box 6225, OF BUSINESS Kigali Rwanda Tanzania 349 Lugalo/ Urambo Street Upanga P.O. Box 9401 Dar es Salaam, Tanzania BANKERS Uganda (Headquarters) Standard Chartered –London Standard Chartered – New York Standard Chartered - Frankfurt Citibank – London Citibank – New York AUDITOR Standard Chartered – Kampala PricewaterhouseCoopers Stanbic – Kampala Certified Public Accountants, Citibank – Kampala 10th Floor Communications House, 1 Colville Street, Kenya P.O. Box 882 Standard Chartered Kampala, Uganda Rwanda Bank of Kigali Tanzania Standard Chartered 4 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK ESTABLISHMENT The East African Development Bank (EADB) was established in 1967 SHAREHOLDING The shareholders of the EADB are Kenya, Uganda, Tanzania and Rwanda. Other shareholders include the African Development Bank (AfDB), the Netherlands Development Finance Company (FMO), German Investment and Development Company (DEG), SBIC-Africa Holdings, NCBA Bank Kenya, Nordea Bank of Sweden, Standard Chartered Bank, London, Barclays Bank Plc., London and Consortium of former Yugoslav Institutions. MISSION VISION OUR CORE To promote sustain- To be the partner of VALUES able socio-economic choice in promoting development in East sustainable socio-eco- Africa by providing nomic development.
    [Show full text]
  • Registered Attendees
    Registered Attendees Company Name Job Title Country/Region 1996 Graduate Trainee (Aquaculturist) Zambia 1Life MI Manager South Africa 27four Executive South Africa Sales & Marketing: Microsoft 28twelve consulting Technologies United States 2degrees ETL Developer New Zealand SaaS (Software as a Service) 2U Adminstrator South Africa 4 POINT ZERO INVEST HOLDINGS PROJECT MANAGER South Africa 4GIS Chief Data Scientist South Africa Lead - Product Development - Data 4Sight Enablement, BI & Analytics South Africa 4Teck IT Software Developer Botswana 4Teck IT (PTY) LTD Information Technology Consultant Botswana 4TeckIT (pty) Ltd Director of Operations Botswana 8110195216089 System and Data South Africa Analyst Customer Value 9Mobile Management & BI Nigeria Analyst, Customer Value 9mobile Management Nigeria 9mobile Nigeria (formerly Etisalat Specialist, Product Research & Nigeria). Marketing. Nigeria Head of marketing and A and A utilities limited communications Nigeria A3 Remote Monitoring Technologies Research Intern India AAA Consult Analyst Nigeria Aaitt Holdings pvt ltd Business Administrator South Africa Aarix (Pty) Ltd Managing Director South Africa AB Microfinance Bank Business Data Analyst Nigeria ABA DBA Egypt Abc Data Analyst Vietnam ABEO International SAP Consultant Vietnam Ab-inbev Senior Data Analyst South Africa Solution Architect & CTO (Data & ABLNY Technologies AI Products) Turkey Senior Development Engineer - Big ABN AMRO Bank N.V. Data South Africa ABna Conseils Data/Analytics Lead Architect Canada ABS Senior SAP Business One
    [Show full text]
  • ACCESS BANK PLC DECEMBER 2009 FULL YEAR and FIRST QUARTER 2010 RESULTS PRESENTATION Outline
    ACCESS BANK PLC DECEMBER 2009 FULL YEAR AND FIRST QUARTER 2010 RESULTS PRESENTATION Outline About Access Bank Operating Environment 9 Months (December 2009) Performance Review Q1 March 2010 Performance review Ongoing Strategic Initiatives 2 December 31, 2009 2009 FULL YEAR RESULTS PRESENTATION Access Group – Fact Sheet United KingdomUnited Parent Company : Access Bank Plc registered in Nigeria as Kingdom a Universal bank and commenced operations Access Bank Group in May 1989 OmniFinance Bank Access Bank 75% 88% No of Employees : Over 2000 Professional staff Gambia Cote d’Ivoire Access Bank Access Bank 85% 75% Listing : Ordinary Shares & 3 years Convertible Bond Sierra Leone Zambia listed on NSE; Several International GDR The Access Bank Access Bank 100% 100% Holders. Paper traded OTC in London Rwanda UK FinBank 79% 100% Access Bank (RD Auditors : KPMG Professional Services Burundi Congo) Access Homes & 100% 75% Access Bank Credit Rating : A- / B+/ BB/ BBB- Mortgage Ghana (GCR/S&P/Agusto/Fitch) United 100% Access Securities 75% Investments & Securities Partners : Focus Client Segments Institutional (& Public Sector) Awards & Recognitions : 2007 Award of Recognition for “Innovation in Middle Market Trade Structures” 2008 Award of Recognition for “Best Network Distributors & Professionals Banks” Key Industry Segments : Telecoms, Food & Beverages, Cements, Oil & Treasury Gas and Financial Institutions Cash Management Channels : 131 Business Offices Trade Finance 216 ATMs, 204 POS, Call Centre Cards & Payment Services 3 Non-Banking subsidiaries; 9 Banking subsidiaries Asset Mgt. & Custodial Services Capabilities Key Relationship Management Geographical Coverage : Africa and Europe Banking subsidiaries in all monetary zones in Africa December 31, 2009 3 2009 FULL YEAR RESULTS PRESENTATION Board & Management Expertise Our Management Team possesses the requisite skills and experience required to emerge as Winners in a challenging operating environment.
    [Show full text]
  • Summary on Participants
    SUMMARY ON PARTICIPANTS CENTRAL BANKS / BANQUES CENTRALES B Observers Final List page 64 SUMMARY ON PARTICIPANTS CENTRAL BANKS-AFRICAN / BANQUES CENTRALES AFRICAINES B1 BANK OF KIGALI MR. ALEX BAHIZI NYIRIDANDI OBSERVER C/O Bank of Kigali Ltd Kigarama Kicukiro HEAD OF LEGAL SERVICES 175 kigali Kigali RWANDA MR. JOHN BUGUNYA OBSERVER C/0 Bank of Kigali Limited, 6112, Avenue CHIEF FINANCE OFFICER de la PaixGasabo, Kiyinya 175 175 Kigali RWANDA MR. NAIBO LAWSON OBSERVER KIGALI -RWANDANYARUGENGE CHIEF OPERATIONS OFFICER KIGALI RWANDA MS. LYS MWIZA OBSERVER Bank of Kigali, 6112 avenue de la PRIVATE BANKER paix175 Kigali RWANDA BANK OF KIGALI MR. ENOCK LUYENZI OBSERVER Avenue de la Paix 6112 Kigali Rwanda175 HEAD OF HR&ADMINISTRATION Kigali RWANDA BANK OF MOZAMBIQUE MRS. ESSELINA MAUSSE OBSERVER Av. 25 de Setembro 1695Maputo FOREIGN COOPERATION OFFICER MOZAMBIQUE Observers Final List page 65 SUMMARY ON PARTICIPANTS BANK OF SIERRA LEONE MR. HILTON OLATUNJI JARRETT OBSERVER Sam Bangura BuildingGloucester Street ASSISTANT DIRECTOR, GOVERNOR'S OFFICE 30 Freetown SIERRA LEONE MR. SHEKU SAMBADEEN SESAY HEAD OF INSTITUTION Sam Bangura BuildingGloucester Street GOVERNOR P O Box 30 Freetown SIERRA LEONE BANK OF TANZANIA MR. LAMECK KAKULU OBSERVER 10 Mirambo StreetDar es Salaam FOREIGN EXCHANGE RESERVE MANAGEMENT TANZANIA MR. DAVID MPONEJA OBSERVER BANK OF TANZANIA 2 MIRAMBO HEAD PORTFOLIO MANAGEMENT STREET ,11884 DAR ES SALAAM2939 NONE DAR ES SALAAM TANZANIA BANK OF ZAMBIA DR. EMMANUEL MULENGA PAMU OBSERVER BANK OF ZAMBIA30080 DIRECTOR FINANCIAL MARKETS LUSAKA ZAMBIA MR. BANDA PETER H OBSERVER BANK OF ZAMBIABANK SQUARE SENIOR DIRECTOR - MONETARY POLICY CAIRO ROAD 30080 10101 LUSAKA ZAMBIA Observers Final List page 66 SUMMARY ON PARTICIPANTS BANQUE CENTRALE DE LA REPUBLIQUE DE GUINEE M.
    [Show full text]
  • BK Group Plc Investor Presentation
    BK Group Plc Investor Presentation Page 1 Agenda 1. Key Investment Highlights 2. Country Overview Information 3. Banking Sector Overview 4. Bank Overview 5. Corporate Governance 6. Business Overview 7. Review of Financial Performance 8. Strategic Outlook 9. Contact Information Page2 2 Key Investment Highlights 1. Best Bank in Rwanda 2013, Politically stable country with sound governance 2015 & 2016 Very attractive demographic profile: population of 12 Million Sound Macro Robust economic growth averaging 8% pa in the last 5 years, expecting a sustainable high GDP growth into 2020 Fundamentals th 2. Best East African Bank 2012 Moderate inflation with rate of 0.8% as at 30 June 2019 & 2015,2016 The 2018 World Bank Doing Business Report ranked Rwanda as the 29th out of 190 economies in terms of ease of doing business and 2nd in Africa Well regulated banking sector: fairly conservative regulator relative to other regulators in the EAC Significant 3. Bank of the Year 2009- Significant headroom for growth given under-banked and excluded population 2012,2014,2015,2016 Banking Sector Potential Number of financially excluded population reduced from 28% in 2012 to only 11% in 2016 Total assets/GDP of 47.6% as at 31st, March 2019. Strong Market positioning & sustainable leadership 4. Best Bank in Rwanda 2009- Total assets FRw 893.2 billion, 27.5% market share as at June 30th, 2019; 2014,2016 Market th Leadership Net Loans FRw 650.2 billion, 29.2% market share as at June 30 , 2019; Customer Deposits FRw 551.7 billion, 26.8% market share as at June 30th, 2019; Shareholders’ Equity FRw 204.0 billion, 36.2% market share as at June 30th, 2019.
    [Show full text]
  • BRD 2009 Annual Report.Indd
    “PROMOTInG GROWTh anD DeVelOPMenT” Rwanda Development Bank Annual Report 2009 Rwanda Development Bank Annual Report 2009 2 2009 Annual Report TABLE OF CONTENTS Profile of BRD 7 Board Of Directors 8 BRD Management 9 Message From The Chairman Of The Board 10 Achievements for the year 13 Corporate Governance 14 INTRODUCTION 18 I OPERATIONS OF THE BANK 22 1.1 Activities of the Bank 22 1.1.1 Loan 22 1.1.2 Equity 23 1.1.3 Guarantee Funds 24 1.2 Portfolio of the Bank 25 1.2.1 Disbursements 27 1.2.2 Loan portfolio per class of risk 28 1.3 Organization of the Bank 30 1.3.1 Organizational structure 30 1.3.2 Human Resources 32 1.3.3 Capacity Building 32 1.4 Risk management of the Bank 34 1.4.1 Risk Management Framework and Responsibilities 34 1.4.2 Achievements of the year 34 1.5 Development Impact 36 II FINANCIAL OVERVIEW OF THE BANK 40 2.1 Financial overview 40 2.2 Report of the Independent Auditors 42 2.3 Financial Statements 45 Shareholders of the Rwandan Development Bank on December 31st 2009 49 Notes To The Financial Statements 50 2009 Annual Report 3 LIST OF tables Table 1: Indicators on the financial soundness of the banking sector on 30/09/2009 19 Table 2: Evolution of outstanding loans in RWF Million (2006 - 2009) 25 Table 3: Trend in disbursements in RWF Million (2006 - 2009)2 27 Table 4: Evolution of the portfolio per class of risk in RWF Million 28 Table 5: Distribution of staff by level of education 32 Table 6: Overview of trainings in 2009 32 4 2009 Annual Report LIST OF GRAPHS Chart 1: Approved Projects by activity 22 Chart 2: Trend
    [Show full text]
  • Bank Supervision Annual Report 2019 1 Table of Contents
    CENTRAL BANK OF KENYA BANK SUPERVISION ANNUAL REPORT 2019 1 TABLE OF CONTENTS VISION STATEMENT VII THE BANK’S MISSION VII MISSION OF BANK SUPERVISION DEPARTMENT VII THE BANK’S CORE VALUES VII GOVERNOR’S MESSAGE IX FOREWORD BY DIRECTOR, BANK SUPERVISION X EXECUTIVE SUMMARY XII CHAPTER ONE STRUCTURE OF THE BANKING SECTOR 1.1 The Banking Sector 2 1.2 Ownership and Asset Base of Commercial Banks 4 1.3 Distribution of Commercial Banks Branches 5 1.4 Commercial Banks Market Share Analysis 5 1.5 Automated Teller Machines (ATMs) 7 1.6 Asset Base of Microfinance Banks 7 1.7 Microfinance Banks Market Share Analysis 9 1.8 Distribution of Foreign Exchange Bureaus 11 CHAPTER TWO DEVELOPMENTS IN THE BANKING SECTOR 2.1 Introduction 13 2.2 Banking Sector Charter 13 2.3 Demonetization 13 2.4 Legal and Regulatory Framework 13 2.5 Consolidations, Mergers and Acquisitions, New Entrants 13 2.6 Medium, Small and Micro-Enterprises (MSME) Support 14 2.7 Developments in Information and Communication Technology 14 2.8 Mobile Phone Financial Services 22 2.9 New Products 23 2.10 Operations of Representative Offices of Authorized Foreign Financial Institutions 23 2.11 Surveys 2019 24 2.12 Innovative MSME Products by Banks 27 2.13 Employment Trend in the Banking Sector 27 2.14 Future Outlook 28 CENTRAL BANK OF KENYA 2 BANK SUPERVISION ANNUAL REPORT 2019 TABLE OF CONTENTS CHAPTER THREE MACROECONOMIC CONDITIONS AND BANKING SECTOR PERFORMANCE 3.1 Global Economic Conditions 30 3.2 Regional Economy 31 3.3 Domestic Economy 31 3.4 Inflation 33 3.5 Exchange Rates 33 3.6 Interest
    [Show full text]
  • GCR Affirms Bank of Kigali Plc's and BK Group Plc's National Scale Issuer Ratings of AA+<Sub>(RW)</Sub> and AA&L
    GCR affirms Bank of Kigali Plc’s and BK Group Plc’s national scale issuer ratings of AA+(RW) and AA(RW), respectively; Outlooks Stable Rating Action Johannesburg, 23 September 2020, GCR Ratings (‘GCR’) has affirmed the Rwandan long and short- term issuer ratings on Bank of Kigali Plc (‘Bank of Kigali’, ‘the bank’) of AA+(RW) and A1+(RW), respectively, with outlook accorded as Stable. At the same time, GCR has affirmed BK Group Plc’s (‘BK Group’, ’the group’) national scale long and short-term issuer ratings of AA(RW) and A1+(RW), respectively, with a Stable Outlook. Rated Entity / Issue Rating class Rating scale Rating Outlook / Watch Bank of Kigali Plc Long Term issuer National AA+(RW) Stable Outlook Short Term issuer National A1+(RW) Rated Entity / Issue Rating class Rating scale Rating Outlook / Watch BK Group Plc Long Term issuer National AA(RW) Stable Outlook Short Term issuer National A1+(RW) Rating Rationale Bank of Kigali is the largest subsidiary of BK Group, a holding company with three other subsidiaries, namely BK General Insurance, BK TecHouse and BK Capital Ltd. The smaller subsidiaries are growing revenue contributions and represented approximately 10% of PAT of the group at HY20. We think that Bank of Kigali will continue to be the most significant subsidiary of the group for the foreseeable future and will therefore continue to drive the rating accorded to the group. The ratings on the bank balance its position as a market leader in Rwanda, strong capitalisation, sound funding structure, good liquidity with its modest risk position.
    [Show full text]